Dubai-based Indian billionaire gets 5 years in jail for money laundering

Dubai-based Indian billionaire gets 5 years in jail for money laundering

Court orders confiscation of Dh150 million and deportation after completion of jail term

Dubai: Indian businessman jailed for 5 years, fined Rs 1 cr over money laundering

Dubai-based Indian businessman Balvinder Singh Sahni, widely known as ‘Abu Sabah’, has been sentenced to five years in prison for his involvement in a major money laundering operation. The Dubai Criminal Court imposed a fine of 500,000 Dirham (1,15,09,510) and ordered the confiscation of Dh 150 million (Rs 3,45,68,22,000) in illegal proceeds, along with electronic devices and other seized assets. Upon completing his sentence, he will be deported…

Dubai court sentences Indian tycoon in major money laundering case

A Dubai court has sentenced Indian businessman B.S.S., widely known as 'Abu Sabah', to five years in prison for his role in a large-scale money laundering operation.